Financing for Professional Athletes Who Are In Arbitration
Sure Sports offers financing and loans for MLB and NHL Players awaiting arbitration decisions and contracts. Players can receive financing up to 10% of their projected market value or up to 30% of the team’s submitted salary proposal.
Benefits of Arbitration Financing
Confidentiality is at the forefront of everything we do
Sure Sports maintains strict confidentiality in all communications. We prioritize protecting the privacy of our borrowers and take all necessary measures to uphold it throughout the process.
Shortly after the conclusion of the MLB season, a Pre-Arbitration MLB Player submitted a financing request to Sure Sports.
The Player requested a $325,000 loan, with the primary use of the funds going towards renovations on the Player’s offseason residence.
However, under MLB’s pre-arbitration rules, the Player’s salary for the following season would likely remain undetermined until mid-January, which was nearly 4 months away.
Although the Player did not have a signed contract in place, Sure Sports collaborated with our General Counsel to swiftly secure bank approval for the player. We based the approval on the Player’s projected future market value.
Sure Sports had an Arbitration Memorandum prepared by its General Counsel, Heitner Legal. The memo provided insight into the total value of the MLB Contract the Player was expecting to sign before the beginning of the MLB Season. In addition, it overviewed the MLB Salary Arbitration process, and the applicable qualifications that made the Player eligible for Arbitration.
Based upon the memo, Sure Sports was able to have the Player’s loan request approved by 3 banks within 10 business days.
Get in touch with one of our representatives to kick off your loan approval process.